SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Financial Information

Segment financial information is included in the following tables for the periods presented (in millions):

As of March 31, 2024	Local Media		Tennis		Other & Corporate		Eliminations		Consolidated
Assets	$	4,733	$	300	$	1,008	$	(3)	$	6,038

For the three months ended March 31, 2024	Local Media		Tennis		Other & Corporate		Eliminations			Consolidated
Revenue	$	727	$	63	$	15	$	(7)	(a)	$	798
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	58		5		1		(1)			63
Amortization of program contract costs	19		—		—		—			19
Corporate general and administrative expenses	41		1		16		—			58
Operating income (loss)	41		20		(19)		—			42
Interest expense including amortization of debt discount and deferred financing costs	76		—		—		—			76
Income from equity method investments	—		(1)		15		—			14

For the three months ended March 31, 2023	Local Media		Tennis		Other & Corporate		Eliminations			Consolidated
Revenue	$	705	$	55	$	17	$	(4)	(a)	$	773
Depreciation of property and equipment and amortization of definite-lived intangibles and other assets	59		5		2		(1)			65
Amortization of program contract costs	22		—		—		—			22
Corporate general and administrative expenses	32		—		26		—			58
(Gain) loss on asset dispositions and other, net of impairment	(1)		—		7		—			6
Operating income (loss)	41		18		(38)		—			21
Interest expense including amortization of debt discount and deferred financing costs	74		—		—		—			74
Income from equity method investments	—		—		31		—			31

(a)Includes $2 million and $1 million for the three months ended March 31, 2024 and 2023, respectively, of revenue for services provided by other to local media, which is eliminated in consolidation.